World Bank

Deputy PM talks with WB guests about power development

Deputy Prime Minister Trinh Dinh Dung hosted a reception in Hanoi on December 20 for Regional Director of the World Bank (WB)'s Infrastructure Department in the East Asia and Pacific Region Ranjit Lamech and WB Country Director in Vietnam Ousmane Dion.

WB: EVFTA could lift Vietnam’s exports by 12 percent by 2030

The World Bank (WB) has predicted that the EU-Vietnam Free Trade Agreement (EVFTA) could help Vietnam’s GDP and exports grow 2.4 percent and 12 percent, respectively, by 2030, the Ministry of Industry and Trade (MoIT) has reported.

National e-service portal brings great benefits to people and enterprises

PSNews - Minister - Chief of the Governmental Office Mai Tien Dung stated that, since its opening in December 2019, the national public service portal has achieved positive results, and reached the Government's goal of better serving the people and businesses.

World Bank, Switzerland to Support Ho Chi Minh City’s New Bus Rapid Transit Corridor

The World Bank and the Ministry of Finance today signed a financing agreement for a grant worth US$10.5 million to promote integrated urban development and transport connectivity along a new Bus Rapid Transit corridor in Ho Chi Minh City.

WB, GIF support Vietnam in Solar Pilot Auction Programme

The Global Infrastructure Facility (GIF)’s Governing Council has approved 1.5 million USD in funding for the World Bank and Vietnam to carry out the Solar Pilot Auction Program, the WB said on December 18.

Vietnam’s economy expanded by 6.8 percent in 2019: World Bank

Vietnam’s economy has performed well in 2019, with GDP expanding by an estimated 6.8 percent, public debt reduced by almost 8 percentage point of GDP since 2016, and a trade balance surplus for the fourth year in a row. These results are remarkable in the context of a slowing global economy.

Phu Yen calls for WB’s support in infrastructure, economic development

The south central coastal province of Phu Yen has called for the World Bank (WB)’s provision of official development assistance (ODA) and soft loans for infrastructure and economic development in the locality.

WB, UNICEF call for efforts to address child undernutrition in Vietnam

The World Bank (WB) and the United Nations Children’s Fund (UNICEF) have called for solid steps to handle undernutrition among Vietnamese children, and reaffirmed their strong commitments to work with the Government in this issue as the country is building its socio-economic development strategy for 2021-2030.

Vietnam assisted to meet needs of aging population

The Japan International Cooperation Agency (JICA) and the World Bank (WB) on August 7 jointly launched a knowledge-sharing programme to assist policymakers in Vietnam with developing new models of care services for the elderly as Vietnam’s population is aging at a pace faster than any of its regional peers.

Movitel chosen by WB to run $20.5 million project in Mozambique

PSNews - Movitel, Viettel’s brand in Mozambique, was recently chosen by the World Bank as one of its partners to run a project to improve the quality of life and access to financial services for needy people in rural and remote areas of Mozambique.

New World Bank loan to improve grassroots health services in Vietnam

The World Bank Board of Executive Directors today approved a US$80 million loan to help Vietnam improve the quality of, and access to, basic health services in 13 provinces, with a focus on poor areas of the country. 

WB supports Vietnam in strengthening urban planning

The World Bank Board of Executive Directors today approved a $194.36 million credit to help four secondary cities in Vietnam build critically-needed municipal infrastructure and strengthen urban planning.

Better water resources management can address water security challenges in Vietnam

An workshop in which an independent study by the World Bank titled “Towards a Safe, Clean, and Resilient Water System” was launched on May 30 in Hanoi. The workshop, co-hosted by the Ministry of Natural Resources and Environment and the World Bank in Vietnam saw the participation from numerous stakeholders as well as international and domestic experts.

New WB study sheds light on drivers of VN's socio-economic development

 Physical and economic connectivity, market linkages, and labor market mobility are among the top drivers distinguishing best-performing ethnic groups from the rest, according to a new study titled “Drivers of Socio-Economic Development Among Ethnic Minority Groups in Vietnam” released by the World Bank on May 21.

WB to consider more loans for infrastructure projects in Binh Duong

Representatives of the World Bank (WB) had a working session with authorities of southern Binh Duong province on January 17 to discuss WB-funded projects and local infrastructure investment demand.

WB announces US$200 billion for Climate Action

The World Bank Group has announced a major new set of climate targets for 2021-2025, doubling its current 5-year investments to around US$200 billion in support for countries to take ambitious climate action.

Vietnam slides one place in WB Group’s Doing Business 2019

Vietnam slipped one notch from the 68th to 69th place out of 190 economies in the World Bank Group’s Doing Business 2019: Training for Reform report, released on October 31.
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